Blockchain's popularity has skyrocketed over the years and even though it has many benefits, it needs some important details worked out if it's going to be widely adapted - one of them being, there needs to be an easier way to link different markets and all their market members, for lack of a better word - a better way to trade crypto. BitMax is this way, in a few words it can be defined as a cryptocurrency exchange platform that wants to make every trade that happens inside the 'crypto sphere' seamless.
and...
(BitMax) have invested heavily to make this happen.
When the Founders, Henry Cao, Ariel Ling and Han Liu got together to come up with BitMax they could see its enormous possibilities. They understood that to operate a successful trading exchange, especially with regards to cryptocurrency you don't need a middleman collecting unnecessary fees, you also don't need to collect a lot of personal and credit information the way centralized exchanges such as kraken do.
The founders understood that by implementing open and already established market rules, the platform members can easily make platform decisions themselves, it makes sense because by building an autonomous exchange, BitMax can not only introduce new levels of trust that weren't possible before, they can also create an ecosystem that fosters collaboration and participation.
Mr. Cao, Ms. Ling and Mr. Liu bring a wealth of experience and expertise from different backgrounds to the table. For example, Mr. Cao is one of the best investment advisors in the game right now; he helped found Baishi investment, a venture capital firm and seats on the board of one of the largest Chinese financial organizations in the U.S. All this means is that Mr. Cao has seen enough firms to know how to align BitMax so that it works in the market, he can also pull enough strings to secure funding for the growth of BitMax.
Co-founder of BitMax, Ms. Ling, has had quite the career too, she held the position of (COO) at Lehman Brothers, which was the fourth largest investment bank in the United States before it filed for bankruptcy, Ms. Ling has also overseen business development & the mobile investment product division at Commerzbank AG.
The last member of the founding team, Mr. Liu has had a busy life too, he took computer science in the Carnegie Mellon University, and has managed over $200B of AUM.
Dealing with issues of security.
BitMax will need a team as tough as this if it intends to take on the even tougher trading market. A market where centralized exchanges have already put a dent in the trust people had accorded them, hacks such as the one Bitfinex platform incident where 120,000 Bitcoins were stolen and the Mt. Gox hack where 650,000 bitcoins were stolen have made the transition to full-on digital asset trading quite difficult, but the company says you don't need to worry this.
BitMax is building a transparent platform where users don't have to worry about getting their data or assets stolen. The platform is designed in such a way that every transaction happens in real time with no sensitive information needing to be disclosed.
Thanks to multi-signature technology (Definition: more than one key is required to permit a transaction) and complex algorithms, all your assets will be encrypted and protected from any suspicious activities.
BitMax also uses a mix of hot wallets - whereby coins/assets are stored inside a wallet with an active internet connection and a cold wallet - where coins/assets are stored inside an offline wallet.
All this coupled with the fact that the company has involved the best security experts to review the code, architecture and set up multi-level firewalls to monitor data processing in real time to ensure premier security is maintained.
Hey look, I haven't received any form of payment or compensation from BitMax to write this post, i just genuinely love their offering. I also love that the company genuinely cares about its users - you can find this about by checking out their incentive program on their whitepaper here
Always getting something in return.
BitMax will be incentivizing its users with BTMX every time they engage or add value to their blockchain ecosystem. For example, every time a user takes part in conducting and growing the mining pool, the company will reward them with BTMX, the platform will also use mining mechanisms such as (PoW & PoS) to reward or pay back the users who make an effort to participate in the mining program.
Conclusion.
The company's trading website is already up and running and you can register and start trading in the following coins: Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Tether, Iostoken, Libra, Linfinity, OneLedger, SEELE & Zilliqa.
Linking the website and Social media links below. Click them to find out extra details on how you can get yourself some BTMX through the company's - trading mining - model.
Happy Trading :)
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Disclaimer: Every article on this blog is written from personal opinion and therefore should not be taken as a financial advice by any means. Like in every other investments opportunity, Do Your Own Research (DYOR)
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